Big Spring, TX—79720
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Big Spring, TX
As of Oct '25, the median home price in Big Spring, TX is $135,000, with a year-over-year change of -12.2%. This indicates that home prices in Big Spring, TX are decreasing. According to Zillow, the 1-year price projection is -5.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | -12.2% |
| Single Family | $135,000 | -10.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | -8.2% |
3 Bed | $193,000 | -7.2% |
4 Bed | $270,000 | -2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Big Spring, TX
As of July '25, Rentcast reports the average rent in Big Spring, TX is $1,480, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Big Spring, TX is studios: $500, 1-bedrooms: $1,010, 2-bedrooms: $1,360, 3-bedrooms: $1,830, 4-bedrooms: $1,780. The most common rental property sizes in Big Spring, TX are 2-bedroom and 1-bedroom, accounting for 36.8% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,480 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $900 | $1,010 |
| 2 Bed Rent | $1,400 | $1,360 |
| 3 Bed Rent | $1,700 | $1,830 |
| 4 Bed Rent | $1,700 | $1,780 |
% of Rental Stock
Property Listings — Big Spring, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Big Spring, TX is 74. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -8.0% |
Listing Count | 170 | 9.0% |
| Listings as % of Homes | 1.0% | 9.0% |
Days on Market | 74 | -2.0% |
Demographics — Big Spring, TX
As of the latest ACS Survey released in 2023, Big Spring, TX has a population of 30,400, which has decreased by -13.9% over the past 5 years. Big Spring, TX is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | -13.9% |
% Under 18 | 20.9% | -3.7% |
% Seniors | 13.6% | 11.5% |
% WFH | 3.9% | 143.8% |
% w/ College Degree | 15.8% | 27.4% |
As of the latest ACS Survey released in 2023, Big Spring, TX is a predominantly hispanic area, with 45.3% of the population identifying as hispanic. The hispanic population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in Big Spring, TX is white, making up 45.2% of the population. Foreign-born residents account for 10.0% of the population in Big Spring, TX, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.2% | -6.4% |
% Black | 5.9% | -9.2% |
% Hispanic | 45.3% | 6.3% |
% Asian | 1.2% | 50.0% |
% Foreign Born | 10.0% | -20.0% |
Mortgage and Risk — Big Spring, TX
According to HUD data as of 2023, there were 285 mortgage originations in Big Spring, TX, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Big Spring, TX. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 285 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Big Spring, TX
As of 2024, the percent of homes in Big Spring, TX under the Section 8 program is 16.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Big Spring, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 600 |
Total Units Section 8 | 600 |
% Rentals under Section 8 | 16.6% |
% Occupied Section 8 | 75.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $900 | $880 |
| 2 Bedroom | -$270 | $1,400 | $1,130 |
| 3 Bedroom | -$340 | $1,700 | $1,360 |
| 4 Bedroom | -$10 | $1,700 | $1,690 |
Affordability — Big Spring, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $135,000 |
| Median Household Income | $71,200 |